Company No: 08072510 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	849,667		872,291
Investment property	5	951,600		951,600
		1,801,267		1,823,891
Current assets
Stocks		104,478		121,504
Debtors	6	6,372		7,621
Investments		24,983		36,486
Cash at bank and in hand		605,462		519,867
		741,295		685,478
Creditors: amounts falling due within one year	7	( 575,174)		( 670,030)
Net current assets		166,121		15,448
Total assets less current liabilities		1,967,388		1,839,339
Provision for liabilities		( 6,368)		( 5,689)
Net assets		1,961,020		1,833,650
Capital and reserves
Called-up share capital	8	1,107,455		1,107,455
Fair value reserve		( 34,325 )		( 34,325 )
Capital redemption reserve		500,000		500,000
Profit and loss account		387,890		260,520
Total shareholders' funds		1,961,020		1,833,650

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bastins 2012 Limited (registered number: 08072510) were approved and authorised for issue by the Board of Directors on 15 October 2025. They were signed on its behalf by:

Mrs D C Hopkins Director

Mr M J Hopkins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bastins 2012 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the value of goods sold to customers during the year, less returns and Value Added Tax. Turnover is recognised on physical delivery of goods to the customer.

Turnover comprises the fair value of the consideration received or receivable in respect of the rental of investment properties. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and is accrued on a time basis.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		11

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 February 2024	3,115		3,115
At 31 January 2025	3,115		3,115
Accumulated amortisation
At 01 February 2024	3,115		3,115
At 31 January 2025	3,115		3,115
Net book value
At 31 January 2025	0		0
At 31 January 2024	0		0

4. Tangible assets

	Land and buildings		Fixtures and fittings		Total
	£		£		£
Cost
At 01 February 2024	1,075,448		214,928		1,290,376
Additions	0		5,810		5,810
At 31 January 2025	1,075,448		220,738		1,296,186
Accumulated depreciation
At 01 February 2024	224,987		193,098		418,085
Charge for the financial year	21,513		6,921		28,434
At 31 January 2025	246,500		200,019		446,519
Net book value
At 31 January 2025	828,948		20,719		849,667
At 31 January 2024	850,461		21,830		872,291

5. Investment property

	Investment property
	£
Valuation
As at 01 February 2024	951,600
As at 31 January 2025	951,600

Valuation

There has been no valuation of investment property by an independent valuer. The figure disclosed is deemed to be the fair value of the property by the directors and will be reviewed on an annual basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	839,014		857,023

6. Debtors

	2025		2024
	£		£
Prepayments	5,795		7,458
Other debtors	577		163
	6,372		7,621

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	22,011		18,897
Amounts owed to directors	457,261		556,295
Accruals and deferred income	18,878		16,073
Taxation and social security	76,664		71,347
Other creditors	360		7,418
	575,174		670,030

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
920,100 Ordinary A shares of £ 1.00 each	920,100		920,100
100 Ordinary B shares of £ 1.00 each	100		100
100 Ordinary C shares of £ 1.00 each	100		100
	920,400		920,400
187,055 Preference redeemable shares of £ 1.00 each	187,055		187,055
	1,107,455		1,107,455